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Kim Yong-beom, Vice Chairman of the Financial Services Commission (FSC) in South Korea announced at a financial forum that a proposed bill could exempt FinTech startup companies from certain regulation - for up to two years - if the FSC deems their apps or services to be 'innovative.' The initiative is expected to use a regulatory sandbox framework to faciliate innovation in FinTech such as those engaged in blockchain-based solutions and big data.

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The Central Bank of Bahrain (CBB) issued (and will be publishing in the CBB website 'Open Consultations' section) a consultation paper on the draft rules on Crypto-asset Platform Operators ("CPO") for comment.

The European Banking Authority (EBA) is expected to release a study within the next several weeks on regulatory sandbox approaches taken by its member states and published in the form of best practices guidance, as reported by PaymentsCompliance.

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The Columbia Institute for Tele-Information (CITI) is a university-based research center focusing on strategy, management, and policy issues in telecommunications, computing, and electronic mass media.